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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Gersh Avery who wrote (28243)8/23/2000 2:33:45 PM
From: Paul Shread  Read Replies (1) of 42787
 
SPX got as high as 1508 yesterday, which pierced the downtrend line by about 2 points. I'd be surprised if it got much higher than 1506 today. The recovery from the wedge break is surprising, however; 1490 is starting to become support. That point also touches on a trendline from 1425 and 1450 earlier this month. Still forming a rising wedge, however, just moving the lower boundary lower.
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